ACTIVE

ILONATO

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Financial year 2025 · closed on 31/12/2025

Net result

4,8 M €

-5.7% YoY

Revenue

47,5 M €

+14.6% YoY

Equity

6,3 M €

-39.5% YoY

Workforce

45,8 ETP

+13.6% YoY

What does ILONATO do?

ILONATO is a Private limited company incorporated in 2016. Its main activity is: Other specialised construction activities n.e.c.. Its registered office is in Bruxelles. It employs on average 45,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0653.826.421

Incorporation

06/05/2016

Legal form

Private limited company

Registered office

Rue Arthur Maes 100
1130 Bruxelles · BruxellesSee on map

Contributed capital

420 000,00 €

Latest accounts

31/12/2025

Average workforce

45,8 ETP

Activities (NACE)

43990Other specialised construction activities n.e.c.· main 43999Other specialised construction activities n.e.c.47521Retail sale of hardware, paints and glass in specialised stores 47521Retail sale of hardware, paints and glass in specialised stores 46630Wholesale of mining, construction and civil engineering machinery 46630Wholesale of mining, construction and civil engineering machinery+6

Joint committees (2)

12503
200

Signals

ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017
Income statement
Revenue	47,5 M €	+14.6%	41,4 M €	+14.5%	36,2 M €	+41.9%	25,5 M €		–		–		–		–		–
EBITDA	6,4 M €	+0.1%	6,4 M €	+28.8%	5 M €	+11.5%	4,5 M €	+101%	2,2 M €	+115%	1 M €	-0.1%	1 M €	+67.2%	621,6 k €	+3046%	19,8 k €
Operating result	5,3 M €	-3.3%	5,5 M €	+36.7%	4 M €	+0.4%	4 M €	+121%	1,8 M €	+179%	645,2 k €	-24.9%	858,5 k €	+87.7%	457,4 k €	+267%	-273,5 k €
Net result	4,8 M €	-5.7%	5,1 M €	+88.3%	2,7 M €	-7.0%	2,9 M €	+124%	1,3 M €	+137%	543 k €	-8.8%	595,4 k €	+46.9%	405,4 k €	+231%	-309,5 k €
Balance sheet
Equity	6,3 M €	-39.5%	10,5 M €	+57.1%	6,7 M €	+36.4%	4,9 M €	+71.6%	2,9 M €	+61.5%	1,8 M €	+19.9%	1,5 M €	+40.0%	1,1 M €	+113%	495,2 k €
Total assets	40 M €	+9.3%	36,6 M €	+25.3%	29,2 M €	+54.1%	18,9 M €	+24.2%	15,2 M €	+27.4%	12 M €	+93.3%	6,2 M €	+26.4%	4,9 M €	+21.5%	4 M €
Cash	1,1 M €	-34.9%	1,7 M €	+34.4%	1,2 M €	+41.9%	877,8 k €	+2.4%	856,9 k €	+33.0%	644,2 k €	+167%	241 k €	+13.8%	211,8 k €	+36.5%	155,2 k €
Debts	33,6 M €	+29.0%	26 M €	+16.0%	22,4 M €	+60.2%	14 M €	+13.3%	12,4 M €	+21.3%	10,2 M €	+116%	4,7 M €	+22.6%	3,8 M €	+8.7%	3,5 M €
Other
Workforce	45,8 ETP	+13.6%	40,3 ETP	+16.5%	34,6 ETP	+12.7%	30,7 ETP	+25.8%	24,4 ETP	+30.5%	18,7 ETP	+24.7%	15,0 ETP	+38.9%	10,8 ETP	+42.1%	7,6 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Christian GOKINAN

Director

Active

Ended mandates

Christian Gokinan

Director · since 04 mai 2016

Ended

CHRISTIAN GOKINAN

Manager · since 04 mai 2016

Ended

Michael Budak

Director · since 04 mai 2016 · until 13 novembre 2019

Ended

MICHAEL BUDAK

Manager · since 04 mai 2016

Ended

At this address

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EU DEPOT● Active	0536.810.272
EVS TRANS● Active	1029.129.517
FAST WORK● Active	0651.617.888
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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/06/2026	11/06/2025	11/06/2024	30/08/2023	31/08/2022	24/09/2021
General meeting	24/06/2026	06/06/2025	04/06/2024	28/08/2023	31/08/2022	24/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/06/2026	25/06/2026	French	PDF
Full model	31/12/2024	06/06/2025	11/06/2025	French	PDF
Full model	31/12/2023	04/06/2024	11/06/2024	French	PDF
Full model	31/12/2022	28/08/2023	30/08/2023	French	PDF
Abridged model	31/12/2021	31/08/2022	31/08/2022	French	PDF
Abridged model	31/12/2020	24/09/2021	24/09/2021	French	PDF
Abridged model	31/12/2019	31/08/2020	01/09/2020	French	PDF
Abridged model	31/12/2018	20/06/2019	27/06/2019	French	PDF
Abridged model	31/12/2017	28/06/2018	31/07/2018	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 4 ended

Active mandates

Christian GOKINAN

Director

Active

Ended mandates

Christian Gokinan

Director · since 04 mai 2016

Ended

CHRISTIAN GOKINAN

Manager · since 04 mai 2016

Ended

Michael Budak

Director · since 04 mai 2016 · until 13 novembre 2019

Ended

MICHAEL BUDAK

Manager · since 04 mai 2016

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/07/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates21/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates05/03/2020
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE
PDF
Mandates29/11/2019
DEMISSIONS, NOMINATIONS
PDF
Other18/05/2016
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20254,8 M €↓
2024
Annual accounts 20245,1 M €↑
2023
Annual accounts 20232,7 M €↓
2022
Annual accounts 20222,9 M €↑
2021
Annual accounts 20211,3 M €↑
2020
Annual accounts 2020543 k €↓
2019
Annual accounts 2019595,4 k €↑
2018
Annual accounts 2018405,4 k €↑
2017
Annual accounts 2017-309,5 k €
06/05/2016
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

ILONATO

Overview

What does ILONATO do?

Trend over 9 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline